Which of the Following Statements Is Correct

question 113

Multiple Choice

Which of the following statements is correct?

• A) A service company does not have Cost of Goods Sold account because it does not sell goods.
• B) A service company does have a Cost of Goods Sold account because it sells a service.
• C) A merchandising company does not have a Cost of Goods Sold account because it does not sell goods.
• D) A merchandising company does not have a Cost of Goods Sold account because it only sells a service.

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Definitions:

Appetitive

Refers to behaviors or processes associated with seeking out and approaching positive or desired stimuli.

Fixed Patterns

A term that refers to repeatable and predictable behaviors or sequences observed in natural or designed systems.

Taxes

Movements or orientations of an organism in response to external stimuli.

Fixed Action Patterns

Instinctive behavioral sequences that are relatively invariant within the species and are triggered by specific stimuli.